SFGTV: San Francisco Government Television
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Jun 19, 2011
06/11
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you are looking at an ongoing transfer tax generation of about $3.7 million a year to the city. so i hope that is helpful. thank you. and i can answer any questions you may have later. >> one question for you -- i would love for you or any of the project sponsors -- representatives from the project sponsors to talk about the way you solicited public input. do you have a summary of the outreach efforts? >> i would defer to mr. ever harder and answering that question. thank you. supervisor cohen: ok, he becomes. thank you. -- here he comes. thank you. >> good afternoon. i have been the outreach coordinator for the san francisco executive park for the last six years. we have in conjunction with the city planning department conducted very extensive community outreach. we have had at least three public hearings that were advertised by mailings and phone calls to what least 10,000 residents throughout the community. the planning department conducted its own about -- in terms of providing mailings to people with -- i believe within the 1000-foot mark. we added to that by mailing to all
you are looking at an ongoing transfer tax generation of about $3.7 million a year to the city. so i hope that is helpful. thank you. and i can answer any questions you may have later. >> one question for you -- i would love for you or any of the project sponsors -- representatives from the project sponsors to talk about the way you solicited public input. do you have a summary of the outreach efforts? >> i would defer to mr. ever harder and answering that question. thank you....
SFGTV: San Francisco Government Television
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Jun 15, 2011
06/11
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the federal home loan bank, san francisco housing authority, low-income housing tax credits. it will replace 80 out of the 267 public housing units in the neighborhood and construct 27 new affordable units in the first phase of the revitalization effort. the resolution follows a resolution that the board had approved back in march that authorized our office to apply to the california debt limit allocation committee for allocation taxes and bonds for up to $41 million for this project. we received that authority on april 26, and now, we are seeking your authorization to enter into the financing documents to actually use that allocation. typically, our office seeks authorization to issue taxes and multifamily housing revenue bonds. they would be used to be publicly or privately sold or replaced with a bank like citibank, in which they would in turn use the bond proceeds and lend it to an affordable housing developer in the form of a construction loan. citibank prefers that these funds be categorized as loans rather than bonds, which will actually enable citibank to offer more c
the federal home loan bank, san francisco housing authority, low-income housing tax credits. it will replace 80 out of the 267 public housing units in the neighborhood and construct 27 new affordable units in the first phase of the revitalization effort. the resolution follows a resolution that the board had approved back in march that authorized our office to apply to the california debt limit allocation committee for allocation taxes and bonds for up to $41 million for this project. we...
SFGTV: San Francisco Government Television
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Oct 15, 2010
10/10
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allowed working families to keep more of what they are earning and draw down more of the federal income tax credit. we started to work on another program that has national attention, again, a program jose has stored it, called bank on san francisco, now called bank on california, and the president put down money on a program called bank on u.s. aid to deal with check-cashing places, and people needing to get their checks not only cast, but needn't pay day loans, which was the third leg of the story announced, and that is the notion of getting people out of the business of having to go to these predatory hated lenders. it has all been part of this narrative of literacy, to focus on building public/private partnerships and connecting to foundation, the academic community, and leaders throughout the city and really focus on stabilizing our diverse population, to provide resources, both the academic resources as well as the financial resources for people to move ahead and move forward. i have always thought cities are laboratories of innovation, states are laboratories for democracies. this is
allowed working families to keep more of what they are earning and draw down more of the federal income tax credit. we started to work on another program that has national attention, again, a program jose has stored it, called bank on san francisco, now called bank on california, and the president put down money on a program called bank on u.s. aid to deal with check-cashing places, and people needing to get their checks not only cast, but needn't pay day loans, which was the third leg of the...
SFGTV: San Francisco Government Television
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46
Oct 20, 2010
10/10
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either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you. >> hello, i'm meg, welcome to "culture wire." for this episode, the director of cultural affairs, luis, will take you on a journey through presidio has been tet. -- presidio habitat. >> welcome to "culture wire." today i'm at the presidio trust, a treasure within san francisco, because the presidio trust is really a national park in the center of an urban setting. it dates to the very founding of the city. national park. toting me today to talk about this amazing exhibition at presidio habitat is cheryl hanes. can you tell me a little bit about the idea of the presidio habitat? >> succinctly, i have been long involved in the presidio. i was here when it was still a mi
either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you. >> hello, i'm meg, welcome to "culture wire." for this episode, the...
SFGTV: San Francisco Government Television
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45
Oct 22, 2010
10/10
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either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you. >> there has been an acknowledgement of the special places around san francisco bay. well, there is something sort of innate in human beings, i think, that tend to recognize a good spot when you see it, a spot that takes your breath away. this is one of them. >> an icon of the new deal. >> we stood here a week ago and we heard all of these dignitaries talk about the symbol that coit tower is for san francisco. it's interesting for those of us in the pioneer park project is trying to make the point that not only the tower, not only this man-built edifice here is a symbol of the city but also the green space on which it sits and the hill to which is rests. to understand
either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you. >> there has been an acknowledgement of the special places around san francisco...
SFGTV: San Francisco Government Television
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Mar 22, 2014
03/14
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budget and i think as commissioners and democrats you can get the money from the big companies from tax breaks and muni's and having free parking so i would urge all the commissioners and ta for the free minnesota for citizens and disabled and use up to 19 years of age thank you >> thank you any public comment on this item? general public comment general public comment is closed. . >> item 13 adjournment. >> thank you we're adjourned >> welcome everyone. looks like we have a big crowd here with my board of trustees standing behind me. this is a celebration of the completion of our new chinese hospital. during the last week, we had asked staff and dpoornz and decreases to sign their name on the last beam that will be installed. i want to congratulate your hospital happily and dp r on hair achievement we can see today. and now i'd like to invite the mayor who is the most excited about this hospital who wants to say a few words (clapping.) well, first of all, it's existing to be here among those vigorous men (laughter) >> you know, a long time ago we're reminded our community had a lot of
budget and i think as commissioners and democrats you can get the money from the big companies from tax breaks and muni's and having free parking so i would urge all the commissioners and ta for the free minnesota for citizens and disabled and use up to 19 years of age thank you >> thank you any public comment on this item? general public comment general public comment is closed. . >> item 13 adjournment. >> thank you we're adjourned >> welcome everyone. looks like we...
SFGTV: San Francisco Government Television
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Feb 2, 2018
02/18
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so federal tax reform is going to get rid of the community investment act. and there goes tax credits and non-profits and banking services for low income communities. a public bank could solve some of those issues for us. i'm excited we are here today. i look forward to seeing the task force and their findings and i'm hoping we move forward. thank you. >> thank you. next speaker. >> hello, supervisors my name is claire [inaudible] i'm co-chair of san francisco [inaudible] i want to express frustration with the board process, having been here for four hours, this very important item heard at the end of the agenda and public comment at the end, it doesn't allow for much democratic input. most people don't have the luxury to sit in these chambers for four hours i would normally be teaching in a classroom of first and second graders. that being said, the san francisco bernie kraatz has been meeting with a coalition of groups about the issue of public banking and at the creation of san francisco public bank. part of this coalition includes sf [inaudible] rising,
so federal tax reform is going to get rid of the community investment act. and there goes tax credits and non-profits and banking services for low income communities. a public bank could solve some of those issues for us. i'm excited we are here today. i look forward to seeing the task force and their findings and i'm hoping we move forward. thank you. >> thank you. next speaker. >> hello, supervisors my name is claire [inaudible] i'm co-chair of san francisco [inaudible] i want to...
SFGTV: San Francisco Government Television
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74
Nov 16, 2010
11/10
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either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you. so are you going out tonight? i can't. my parents say i have to be home right after work. ugh. that's so gay. totally gay. ugh. that is so emma and julia. why are you saying, "that's so emma and julia"? well, you know, when something is dumb or stupid, you say, "that's so emma and julia." who says that? everyone. announcer: imagine if who you are were used as an insult. there are so many ways that the internet provides real access to real people and resources and that's what we're try to go accomplish. >> i was interested in technology like video production. it's interesting, you get to create your own work and it reflects what you feel about saying things so it gives
either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you. so are you going out tonight? i can't. my parents say i have to be home right after...
SFGTV: San Francisco Government Television
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Oct 15, 2010
10/10
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eye 76
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either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you.
either or, you tax and cut. there is a third way to do things, target investment. it is so inevitable, i cannot believe it. the money is important, but the minimus, we have already attracted more money than we have invested. that is my kind of investment. [applause] >> with that, i want to conclude things for today. a number of us will be sticking around for those of you who have questions. thank you.
SFGTV: San Francisco Government Television
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Feb 13, 2013
02/13
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we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green this project and make them the most environmentally sustainability program. they are a huge partner with us nationally and with all the communities and the work that they do across the country. so thank you stephanie and liz. [ applause ] we have two different banking partners on this project that have combined to lend over $22 million to the construction loan on this project. citibank and silicon valley bank. merl is around. former mercy employee, also wonderful human being. merl is also hiding in the background because he is also humble. these two banks have been huge up
we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green...
SFGTV: San Francisco Government Television
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14
Feb 1, 2018
02/18
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many of the smaller institutions can't meet the collateral requirement mentioned by the treasurer and tax collector office of having 110% of the deposits in securities. also, just on that, we're also aware of and include in our report the new program started in october by the treasurer and tax collector office that you were just discussing to invest up to $80 million in san francisco based banks, credit unions and community development banks. supervisor fewer, you mentioned earlier about the concentration of the industry. here's is some of that information pertaining to banks in california and it's pretty dramatic. this is between 2011 and 2016 and it's broken out by the national commercial banks. those are the large kind of household institutions, wells fargo, citibank, they've decreased in california 49 to 30. and the average asset size for the large banks is $8.8 billion. that is an average that when we get into the large banks, the 10 large largest, the numbers jump into the trillions. they have assets in the trillions. those are not national in scope. state chartered credit unions an
many of the smaller institutions can't meet the collateral requirement mentioned by the treasurer and tax collector office of having 110% of the deposits in securities. also, just on that, we're also aware of and include in our report the new program started in october by the treasurer and tax collector office that you were just discussing to invest up to $80 million in san francisco based banks, credit unions and community development banks. supervisor fewer, you mentioned earlier about the...
SFGTV: San Francisco Government Television
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48
Feb 28, 2019
02/19
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SFGTV
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eye 48
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okay good well we'll let the federal government give you a tax credits and stuff too. i'm okay. that works for me. so anyway and it's too limited partnerships building three buildings. of the five blocks that are part of phase 2 but we'll geek out on that later. we're just going to keep it on track here. the last but not least of our financing came from another major community development lender city community capital. which provided over 100 million nobody's adding up all these dollars because then you're gonna be like how much of this thing cost. ok. anyway provided over one hundred million dollars in construction loans and over 8 million dollars in long term financing for hunters view. in fact over the years city has provided almost two hundred and fifty million dollars in financing in support of the jon stewart companies affordable housing efforts throughout the state of california for which we are very appreciative. we appreciate city community capitals confidence and trust and i am pleased to introduced v.p. andrew nathan son to say a few words for city apparently applause
okay good well we'll let the federal government give you a tax credits and stuff too. i'm okay. that works for me. so anyway and it's too limited partnerships building three buildings. of the five blocks that are part of phase 2 but we'll geek out on that later. we're just going to keep it on track here. the last but not least of our financing came from another major community development lender city community capital. which provided over 100 million nobody's adding up all these dollars because...
SFGTV: San Francisco Government Television
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Mar 5, 2019
03/19
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eye 29
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we will let the federal government give you tax credits. that works for me. so, anyway, it is two limited partnerships building three buildings of the five blocks that are part of phase two, but we will geek out on that later. we will keep it on track here. but last but not least of our financing came from another major community development lender, city community capital, which provided over 100 million. i hope nobody is adding up these dollars because u.s.a. how much does this thing cost? prided over $100 million in construction loans and over $8 million in a long-term financing for hunter charge of you. in fact, over the years, we have provided almost $250 million in financing in support of the john stewart companies affordable housing efforts throughout the state of california, for which we are very appreciative. we appreciate the city community capital confidence in trust, and i'm pleased to introduce the v.p., andrew nathanson to say a few words. [applause] >> good morning, everybody. i know everyone is eager to get to the refreshments, i will try to ke
we will let the federal government give you tax credits. that works for me. so, anyway, it is two limited partnerships building three buildings of the five blocks that are part of phase two, but we will geek out on that later. we will keep it on track here. but last but not least of our financing came from another major community development lender, city community capital, which provided over 100 million. i hope nobody is adding up these dollars because u.s.a. how much does this thing cost?...
SFGTV: San Francisco Government Television
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May 28, 2016
05/16
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funds would normally be from taxes the people pay. they could seek money from grants from public works, rec and park, commission on the environment potentially, my points is that would involve making a proposal and budget and sending it to those agencies. i think that is a say where you can work but can't communicate is inconsistent. what if the controller doesn't audit the entire gbd program? this group is included. how can you prevent the only employee from communicating? it seems the logic in this is inconsistent. that is where i think either pass this motion for both or you should turn around and say, no employment and no communication watt watt what so ever. what if there is a problem with the communication or proposal put in? and there is a question from the agency? they will call this gbd, this one person. if this one person can't talk they lose out on the grant. it just seems like saying yes to one part and no to the other doesn't make sense. i'm going to say you need to rethink the memo and say yes to both wavers or no to bot
funds would normally be from taxes the people pay. they could seek money from grants from public works, rec and park, commission on the environment potentially, my points is that would involve making a proposal and budget and sending it to those agencies. i think that is a say where you can work but can't communicate is inconsistent. what if the controller doesn't audit the entire gbd program? this group is included. how can you prevent the only employee from communicating? it seems the logic...
SFGTV: San Francisco Government Television
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6.0
Jun 20, 2023
06/23
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eye 6
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that's 40% of our our tax base. and we could still pay. so we're it's not a great time, but it's not really anything that threatens the security of these bonds. and in any reasonable scenario that we can see, we just have to put it there. as i said earlier, we have to put everything we can think of in. and commissioners, if i may, one one other item related to the for example, climate change and sea level rise. i think the commissioners questions were related to how are we perceiving that risk associated with the repayment of these bonds. and we've determined that we can go forward with these at the risk that we're disclosing to the market. does make this a marketable bond and but the market will tell us how much risks there is and whether or not there's active investment, engaged, what kind of rates we're talking about. so that is yet to be sort of determined. we disclose it per the standards set by the city and just want to confirm for the commissioners that that's the process we're engaging in. yeah and the market is already telling us
that's 40% of our our tax base. and we could still pay. so we're it's not a great time, but it's not really anything that threatens the security of these bonds. and in any reasonable scenario that we can see, we just have to put it there. as i said earlier, we have to put everything we can think of in. and commissioners, if i may, one one other item related to the for example, climate change and sea level rise. i think the commissioners questions were related to how are we perceiving that risk...
SFGTV: San Francisco Government Television
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0.0
Jun 25, 2023
06/23
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that's 40% of our our tax base. and we could still pay. so we're it's not a great time, but it's not really anything that threatens the security of these bonds. and in any reasonable scenario that we can see, we just have to put it there. as i said earlier, we have to put everything we can think of in. and commissioners, if i may, one one other item related to the for example, climate change and sea level rise. i think the commissioners questions were related to how are we perceiving that risk associated with the repayment of these bonds. and we've determined that we can go forward with these at the risk that we're disclosing to the market. does make this a marketable bond and but the market will tell us how much risks there is and whether or not there's active investment, engaged, what kind of rates we're talking about. so that is yet to be sort of determined. we disclose it per the standards set by the city and just want to confirm for the commissioners that that's the process we're engaging in. yeah and the market is already telling us
that's 40% of our our tax base. and we could still pay. so we're it's not a great time, but it's not really anything that threatens the security of these bonds. and in any reasonable scenario that we can see, we just have to put it there. as i said earlier, we have to put everything we can think of in. and commissioners, if i may, one one other item related to the for example, climate change and sea level rise. i think the commissioners questions were related to how are we perceiving that risk...
SFGTV: San Francisco Government Television
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0.0
Jul 9, 2023
07/23
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that's 40% of our our tax base. and we could still pay. so we're it's not a great time, but it's not really anything that threatens the security of these bonds. and in any reasonable scenario that we can see, we just have to put it there. as i said earlier, we have to put everything we can think of in. and commissioners, if i may, one one other item related to the for example, climate change and sea level rise. i think the commissioners questions were related to how are we perceiving that risk associated with the repayment of these bonds. and we've determined that we can go forward with these at the risk that we're disclosing to the market. does make this a marketable bond and but the market will tell us how much risks there is and whether or not there's active investment, engaged, what kind of rates we're talking about. so that is yet to be sort of determined. we disclose it per the standards set by the city and just want to confirm for the commissioners that that's the process we're engaging in. yeah and the market is already telling us
that's 40% of our our tax base. and we could still pay. so we're it's not a great time, but it's not really anything that threatens the security of these bonds. and in any reasonable scenario that we can see, we just have to put it there. as i said earlier, we have to put everything we can think of in. and commissioners, if i may, one one other item related to the for example, climate change and sea level rise. i think the commissioners questions were related to how are we perceiving that risk...
SFGTV: San Francisco Government Television
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135
May 23, 2016
05/16
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eye 135
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the exciting thing about mellow ruse tax and tax increment as the tools are used to fund out the initial buildout of infrastructure and once that is paid off the tools can be available to do future shore line adaptationment what we hear all the time is why are you building along the waterfront when seeing level is rising. the development will protect themselves because that is how they sell to the people that live z work there, but if they can throw out money to adapt the neighbors areas to create the network we need to hold back rising sea level the question becomes-stand on the head and that is why we are developing there to protect from sea level rise. again, we wanted to come back to the the compelling stats and show how this will combine to create a new face hof city on this southeastern geography to make that work for the new people and the neighborhoods nearby. this is a very concepual time line but what drove us to be with you. over the last year we looked up and saw over the 27, 202017, 2016 develops, this will come to the commission and boferd supervises for aprovel and saw eac
the exciting thing about mellow ruse tax and tax increment as the tools are used to fund out the initial buildout of infrastructure and once that is paid off the tools can be available to do future shore line adaptationment what we hear all the time is why are you building along the waterfront when seeing level is rising. the development will protect themselves because that is how they sell to the people that live z work there, but if they can throw out money to adapt the neighbors areas to...
SFGTV: San Francisco Government Television
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143
May 18, 2016
05/16
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without objection adopted >> resolution to reauthorize tax-exempt and taxable lease revenue commercial paper certificates in amount not to exceed 250 million to finance acquisition construction and rehabilitation of capital improvement and equipment authrgzing replacement of the credit facilities in amount of $150 million >> adopted >> resolution to approve agreement with south beach mariney preserve 101 affordable housing unit not to exceed 59.3 million. >> supervisor kim. >> thank you. today i'm really excited to have this come before the entire board of supervisor jz be able to announce with concert with mayors office of housing and community development office worked to achieve a resolution the housing crisis that enable to keep 101 district 6 household in san francisco in their home. last year around this time, a number of rez dent from south beach marina apartments contacted our office because they learned their middle income unit expired and set to go to market rate. for most of the households who make up senior jz small business owners are every day rez dchbts, this was a effec
without objection adopted >> resolution to reauthorize tax-exempt and taxable lease revenue commercial paper certificates in amount not to exceed 250 million to finance acquisition construction and rehabilitation of capital improvement and equipment authrgzing replacement of the credit facilities in amount of $150 million >> adopted >> resolution to approve agreement with south beach mariney preserve 101 affordable housing unit not to exceed 59.3 million. >> supervisor...